Welcome to our 2014
Sustainability and Responsibility Report.

Making a True Difference™ is the way we define sustainability and responsibility at Tim Hortons. We are continuously aiming to make a true difference for individuals, our communities and the planet – every day.

IMPORTANT DISCLOSURE

On December 12, 2014, the transaction between Tim Hortons Inc. (TSX, NYSE: THI) and Burger King Worldwide, Inc. (NYSE: BKW) was successfully completed. The transaction created Restaurant Brands International Inc. (RBI), a new global quick service restaurant leader operating two iconic, independent brands, with approximately $23 billion in system sales and over 18,000 restaurants in 100 countries.

Tim Hortons® is licensed and operated by The TDL Group Corp. and its affiliates (referred to as “Tim Hortons”), which is managed by RBI.

A transaction of this magnitude involves the alignment of business processes, systems and requires structural re-organization to create efficiencies and flexibility required for future growth. As such, 2015 is a transitional year for Tim Hortons sustainability and responsibility programs, initiatives and reporting. We will utilize the balance of 2015 to map the next phase of the Tim Hortons sustainability strategy.

Tim Hortons has made significant progress on its sustainability objectives and goals to date, and we are proud to share our 2014 performance. We also acknowledge there remains much more work to be done, and we remain committed to Making a True Difference going forward.

Report Scope

This Report covers the 2014 calendar year, which is the period from January 1, 2014 to December 31, 2014 (unless otherwise noted). Reports from previous years are available here.

Entities over which Tim Hortons has significant influence, owner-operated restaurants and the Tim Horton Children’s Foundation, we have disclosed our management approach. We have not reported on performance indicators (unless otherwise indicated) for these entities.

Joint ventures or any other entities are not included. For more details on our boundary, please see our Value Chain.

Reporting Standards and Content

This Sustainability and Responsibility Report (Report) has been prepared in accordance with the GRI G3.1 Sustainability Reporting Guidelines. At this time, a relevant Sector Supplement has not been developed for our industry. To learn more about our GRI performance, please refer to our GRI Index.

Our Report centres on our three sustainability and responsibility focus areas: Individuals, Communities and the Planet.

We have also included links to useful information and resources found at TimHortons.com.

In developing our Report, we have covered topics and issues that we believe are important to our Company and to our stakeholders. For more details on how this Report was developed, please see the Sustainability and Responsibility Process section.

Information Integrity

Tim Hortons management is responsible for the preparation and integrity of the information reported in our 2014 Sustainability and Responsibility Report. We believe this information accurately represents our sustainability and responsibility initiatives and performance results for 2014.